Europe Had a Plan to Reduce Carbon Emissions. Scammers Fleeced It for Billions

When scam artist Gregory Zaoui got out of prison in 2004, he had a plan to go straight – by selling solar panels. But when he learned about a new carbon trading system that was supposed to reduce CO2 emissions, he saw an obvious loophole. And soon, he found himself at the center of a fraud scheme so extensive that it was hard to tell if the carbon market was doing anything to fight climate change at all.

Featured in this episode:

Jessica Camille Aguirre

Sources:

Jessica Camille Aguirre’s reporting in The Atavaist Magazine: https://magazine.atavist.com/2024/watch-it-burn-france-europe-carbon-fraud-scam-vat-betrayal

Alec Henry’s podcast “Le Déclic” https://www.youtube.com/watch?v=rkYkJiFl8Pg

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